RBS Rating Reiterated by Espirito Santo Investment Bank Research (RBS)
RBS (LON:RBS)‘s stock had its “neutral” rating restated by investment analysts at Espirito Santo Investment Bank Research in a note issued to investors on Tuesday, AnalystRatings.NET reports. They currently have a GBX 365 ($6.01) target price on the stock. Espirito Santo Investment Bank Research’s price target would indicate a potential upside of 6.14% from the stock’s previous close.
A number of other firms have also recently commented on RBS. Analysts at Investec upgraded shares of RBS to a “hold” rating in a research note to investors on Tuesday. They now have a GBX 345 ($5.68) price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of RBS in a research note to investors on Tuesday. They now have a GBX 323 ($5.32) price target on the stock. Finally, analysts at Nomura reiterated a “reduce” rating on shares of RBS in a research note to investors on Tuesday. They now have a GBX 285 ($4.70) price target on the stock. Sixteen equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. RBS currently has a consensus rating of “Hold” and a consensus price target of GBX 330.13 ($5.44).
Shares of RBS (LON:RBS) traded up 3.52% on Tuesday, hitting GBX 343.90. 19,436,944 shares of the company’s stock traded hands. RBS has a one year low of GBX 264.972 and a one year high of GBX 387.50. The stock’s 50-day moving average is GBX 342.0 and its 200-day moving average is GBX 343.4. The company’s market cap is £38.596 billion.
The Royal Bank of Scotland Group plc (LON:RBS) is a holding company of a global banking and financial services group.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.